|By Marketwired .||
|May 27, 2014 05:00 AM EDT||
SAN FRANCISCO, CA and LONDON, UNITED KINGDOM -- (Marketwired) -- 05/27/14 -- Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services to the global investment management industry, today announced that Geneva®, Advent's portfolio management and fund accounting product, was named "Best Technology - Fund Accounting" at the HFMWeek European Hedge Fund Services Awards 2014. This is the sixth consecutive year Geneva® has been honored with this award.
Hosted by HFMWeek, a leading resource for current global hedge fund news, the awards recognize and reward the top hedge fund service providers for the outstanding service and support that they have provided to the European hedge fund industry over the past 12 months.
Commenting on the award, the judges said, "Advent was the standout winner in this space -- not only is the firm's sheer reach impressive, but the quality of its service and its ability to meet the needs of investment managers of different sizes with varied strategies continued to impress the judges. Advent operates from a position of strength; however, it continues to innovate and is not content to rest on its laurels."
Geneva®, Advent's global investment management and accounting platform for asset managers, hedge funds, fund administrators, prime brokers, and mutual funds, provides a high level of operational efficiency and easy access to real time data. It offers comprehensive instrument coverage, full financial general ledger, and industry-standard integration tools enabling firms to manage complex investment vehicles, multiple investment strategies, and tiered fund structures. The unique real time architecture of the Geneva® platform helps enable firms to utilize Investment Book of Records (IBOR) functionality through a real-time transaction and position process.
"We are honored to receive this recognition for our commitment to the alternatives industry. Our solutions are used by some of the leading market participants, improving their efficiencies and making them more competitive," said Håkan Valberg, President, EMEA, Advent Software. "We continue to enhance our products and develop new solutions to help our clients meet the increasing regulatory requirements and develop new business opportunities across Europe.
Over the last 30 years of industry change, our core mission to help our clients focus on their unique strategies and deliver exceptional investor service has never wavered. With unparalleled precision and ahead-of-the-curve solutions, we've helped over 4,300 firms in more than 50 countries -- from established global institutions to small start-up practices -- to grow their business and thrive. Advent technology helps firms minimize risk, work together seamlessly, and discover new opportunities in a constantly evolving world. Together with our clients, we are shaping the future of investment management. For more information on Advent products visit http://www.advent.com.
The Advent and logo composite, and Geneva are registered trademarks of Advent Software, Inc. Any other company names or marks mentioned herein are those of their respective owners.